RESIDENTIAL WATER TREATMENT DEVICES MARKET ANALYSIS

Residential Water Treatment Devices Market, By Application (Point-of-Entry and Point-of-Use) By Device Type (Faucet-mounted filters, Tabletop Pitchers, Countertop Units, and Others), By Technology (Membrane Filtration, Ultraviolet, Reverse Osmosis, Others), and By Distribution Channel (Wholesaler, Retailer, Supermarket, Others) - Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2022-2028

Residential Water Treatment Devices Market Key Developments:

In November 2018, Culligan, a water treatment solution provider, launched the IW Reverse Osmosis System. This launch helped the company in expanding its product portfolio and therefore its customer base.
In July 2019, LG Electronics Inc. announced to sell two of its water treatment subsidiaries, namely, Hi-Entech and LG-Hitach to Techcross, a company which offers ballast water treatment system and is an affiliated company of Seoul-based Bubang Group. The two subsidiaries are expected to be sold at approximately US$ 200 million. Selling of subsidiaries by LG Electronics Inc. is expected to boost their investment for future expansions.
In March 2014, Unilever PLC acquired a major stake in case of Qinyuan Group Co., a Chinese water-purification company. This acquisition expected to capture the China water purification market, owing to the high demand for clean water from this region.